OFAC Enters $98,830 Settlement With BitGo Over Sanctions Violations

BitGo, a cryptocurrency company based in California, was accused by OFAC of potential civil liability for 183 apparent violations of multiple sanctions program. According to OFAC, between 2015 and 2019, BitGo processed 183 digital currency transactions valued at approximately $9000 on behalf of individuals whose IP addresses revealed that they wer...

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